CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.

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CGX Energy Inc > Houston, We Have A Problem

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Comment by Schreibzeyon Feb 02, 2023 3:49pm

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Post# 35263202

RE:RE:RE:Houston, We Have A Problem

You may be right. Latest fins don't capture Q4, but they did say,"

"Prepaid expenses as of September 30, 2022, includes $5.5 million paid in advance mainly to Schlumberger Guyana Inc. as part of the services required for the Wei-1 well."

if that's CGX contribution at 32%, total would be ~$17m on top of $130 total.

we will have to wait to see what Q4 fins show. I expect to see them any day.

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